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Hokusai_FX
Aug 27, 2023 7:55 AM

GBPJPY Analysis 27Aug2023 

British Pound vs Japanese YenPepperstone

Description

after the price breaks the HH, a correction occurs with the price breaking the trendline (dotted blue line) and forming a new LL, most likely it will continue its bearish trend. the bearish trend here is a correction trend, we can expect the price to reach fibo 0.236
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